Is It Too Late to Buy Solana?
Decentralized finance (DeFi) token Solana (CRYPTO: SOL) is flying to the sun with a monstrous rally of 10,200% year to date. But unlike the ancient Greek mythical hero Icarus, Solana holders aren't getting burned, as there have been very few corrections during this monstrous rally.
Developers behind the idea designed the Solana protocol to build decentralized applications (dapps). Due to its unique features that allow concurrent transactions, the network can handle as many as 50,000 transactions per second, much faster than Ethereum (CRYPTO: ETH) network's 30 per second. As a result, Solana can host a wide variety of dapps on its infrastructure. On a side note, the number of smart contracts executed on Ethereum amounted to 4,920 in the past 24 hours, for a total transaction volume of $311.4 million. So can Solana one day disrupt Ethereum and become the world's top DeFi network?
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Source Fool.com
